7/2/2020, 12:58 PM (Source: TeleTrader)
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Airbus to cut 3,400 jobs in France, 1,700 in UK

Airbus SE will let go of 3,378 workers in Toulouse, France, said Jean-Francois Knepper from the company's Force Ouvriere union on Thursday. Knepper said that 2,400 of lay-offs will take place in factories, with around 980 more job cuts at the company's headquarters.

Later in the day, the aerospace giant confirmed that a 1,730-job-cut will take place in two factories in the United Kingdom.

Airbus has announced on Tuesday that it plans to decrease its workforce by 15,000 jobs worldwide by the end of summer 2021 due to lower demand from the coronavirus pandemic.

Breaking the News / BU